SVB Wealth LLC Decreases Stock Holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG)

SVB Wealth LLC cut its holdings in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG) by 26.6% during the 1st quarter, Holdings Channel reports. The firm owned 22,926 shares of the exchange traded fund’s stock after selling 8,289 shares during the period. SVB Wealth LLC’s holdings in iShares iBoxx $ High Yield Corporate Bond ETF were worth $1,782,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HYG. Wetzel Investment Advisors Inc. purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth about $26,000. Able Wealth Management LLC bought a new position in shares of iShares iBoxx $ High Yield Corporate Bond ETF during the fourth quarter valued at approximately $39,000. American National Bank lifted its holdings in shares of iShares iBoxx $ High Yield Corporate Bond ETF by 13,150.0% during the fourth quarter. American National Bank now owns 530 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 526 shares during the last quarter. Tidemark LLC bought a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth approximately $44,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of iShares iBoxx $ High Yield Corporate Bond ETF in the 4th quarter worth approximately $80,000.

iShares iBoxx $ High Yield Corporate Bond ETF Trading Down 0.0 %

NYSEARCA:HYG traded down $0.03 during trading hours on Tuesday, reaching $78.19. 5,648,175 shares of the company traded hands, compared to its average volume of 35,954,574. iShares iBoxx $ High Yield Corporate Bond ETF has a 1 year low of $71.68 and a 1 year high of $78.44. The stock has a market capitalization of $14.92 billion, a P/E ratio of 9.60 and a beta of 0.36. The business’s 50-day moving average price is $77.39 and its two-hundred day moving average price is $77.19.

About iShares iBoxx $ High Yield Corporate Bond ETF

iShares iBoxx $ High Yield Corporate Bond ETF (the Fund), formerly iShares iBoxx $ High Yield Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid High Yield Index (the Index), which is a rules-based index consisting of liquid the United States dollar-denominated, high yield corporate bonds for sale in the United States, as determined by the index provider.